ALL YOUR FRIENDS HAVE SECURED THEIR 50 K SALARY GRADUATE JOBS, FUNDS ARE RUNNING LOW & ALL YOU'RE GETTING IS REJECTIONS, INSUFFICIENT HOURS AND ZERO HOUR CONTRACTS. YOU MIGHT BE ENTITLED TO £251+ PER MONTH TO KEEP YOU GOING...
Welcome back guys,
It's that's time of the year where all your friends have secured all their graduate jobs, seem to be living their best life and you are feeling hopeless, left behind and broke. Please note you are not the only one in this predicament and with no more student loan flowing in, several graduates are facing trepidation that they will be unable to keep up with financial commitments. I am here to tell you that you may be entitled to universal credit (extra financial aid from the government).
Formerly, financial aid was separated into several benefits such as housing benefits, jobs seekers allowance, working tax credit etc., but now universal credit groups these under one bracket. You can calculate your entitlement online on https://www.gov.uk/browse/benefits , as all applications can now be made online and confidentially.
You may be able to get Universal Credit if:
Please do not suffer in silence. If you are in of financial assistance please consider applying, even if you have a job but are struggling to make ends meet. On your application they do state that you must declare your NI number and they will calculate your earnings that way.
Is there anything I have to do to prepare myself?
If you are out of Work
If you are out of employment you will be expected to visit a work coach at the job centre regularly and show that you have tried job hunting. You have been job hunting so far for free... so this shouldn't be a problem.
In employment but working low hours
You will be expected to visit the job centre once only to verify your identity. After that you will not be coming in again because you are working , unless your circumstances change for any reason.
Things to have at hand when applying:
*Proof of NI & more they will tell you in needs be.
I hope this helps somebody. Best of luck with your jobs search, I'm rooting for you!
Until next time ,
NOW THAT WE HAVE ALL GRADUATED , HAVE WE ALL OPENED A MONZO AKANT? | A DUMB PROOF SOLUTION TO RESTRUCTURING OUR FINANCES
Hello Ladies & Gentlemen,
With a large demographic of my readership having graduated/have a great interest in my financial insight, I am back with my analysis on the new phenomena of an online bank, "Monzo." It felt necessary to go into further detail about Monzo, due to the fact visual information on the Monzo is fairly limited before registration, so I felt like me giving more detail I could help you all understand it better and manage your finances in a fool-proof way.
Registration for Monzo takes about 10 minutes through a downloadable app on Apple and Android phones. Identity verifications are also carried out via mobile with the app being clever enough to scan photographic ID and verify itself, without you having to leave your house. After the verification is completed, you can use the app straight away and you will be sent an attractive neon Mastercard through the post a few days later.
The most impressive aspect of 'Monzo' is the ability to create pots to help you save money. To improve your financial discipline you can lock the pots until certain dates to prevent you from withdraw or spending money until then.
The way you choose to manage money is completely your choice.
You can choose to have your salary deposited in your Monzo account or you can transfer money from another account into your Monzo one, to help with a financial management program you have set for yourself.
Difficulty setting up payments, bills & direct debits?
Not paying bills on time can have a negative effect on your credit, and Monzo has a fool proof way of helping with that. With Monzo you can set up direct debits, payments etc. and once you do so , you will not be allowed to spend that money. It will not allow you to spend all your available balance without paying your bills. It makes life very easy and gives you no choice but to be punctual with payments.
Planning a 2020 Group Holiday ? Couples vacation? Flat sharing with friends? Charity Projects?
With 'Monzo' you can share tabs to encourage joint contribution and split the bill with several people regardless of whether they have Monzo or not. This could a great solution for group holidays, outings etc. to help balance expenditures.
I hope this has given you all a better insight to make an informed decision about Monzo. I am not being sponsored or anything by Monzo, I just really liked the app and thought you might too. Please feel free to discuss some financial management tips of your own.
Until next time,